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Defence Pension Benefits Legislation



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TUESDAY, APRIL 6, 1976 . . . . NO. -77/7.6.

DEFENCE PENSION BENEFITS LEGISLATION

Legislation providing for increases in pension benefits granted under the Defence Force.retirement benefits schemes would be introduced as soon as possible during the current session of the Parliament, the Minister for Defence, Mr D.J. Killen, announced today.

The increases would operate retrospectively from the first pension payday in July 19""5 and would apply to more than 13,000 pensioners.

Mr Killen said that except in cases where retirement occurred within the 12 months preceding the effective date, the adjustments would provide on average ,: i increases of the - i ยท

order of 20 percent of pensions currently;payable.

Some older Defence Force Retirement Benefit Fund pensioners would receive higher levels of increases and would also be entitled to the payment of arrears of pension arising from the interim adjustments of the last two years.

Further details of the adjustment methods to be used would be announced at the time of introduction, of the legislation

Mr Killen added that the methods of adjustment for 1975/76 were interim and should not be taken as a precedent for a permanent method of adjustment. The Government would be

soon considering permanent methods and decision would be taken as soon as possible.

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